ASIC has banned a former Commonwealth Financial Planning adviser for eight years.

Sharnie Kent, from Warialda NSW, has been banned following an investigation which found she had contravened financial services laws, was involved in Commonwealth Financial Planning's contravention of financial services laws and was not adequately trained or competent to provide financial services.

Such offenses, according to ASIC, included submitting insurance applications and alteration requests that contained incorrect information, wrote purported signatures of clients on insurance alteration requests and superannuation withdrawal forms and charged an excessive adviser fee, represented that the fee would be refunded and did not take timely steps to refund the free.